Change Director in Company
Directors are key persons who manages the company. They are management of company who looks after operations and administration. The Change in Director of Company happened due to resignation of director or appointment of director. Appointment or removal of directors is done through shareholder of company. Minimum two director are required under Private Limited company and Three under Public Limited Company. Companies Act does not required any mandatory educational capabilities to appoint or remove director. Article recommends procedure for change Director of company.Only Individual can be appointed as director in company , Company must have one resident director. We can help in necessary legal filing to add or remove a director from company.
Basis pre requirement to add a Director is Digital Signature. Once Digital signature is done, legal filing can be done to MCA for issuing Director Identification Number for Proposed director. With DIN number Proposed director can be added in company with consent of shareholders. Before removal of director from company its important to note that company have minimum two directors.
Key Points Change in Director
- Individual Person Can be appointed as Director
- Every Director must have Valid Director Identification Number DIN
- The Director must have minimum age 18 years
- Inform ROC within 30 days for change in director
Highlights in Changing Directors
Minimum Age
A Person at least of 18 years Old can be appointed as director in Company. In other words minor is not allowed to become directors. Same applied to Foreign directors.
Director Identification Number
Prerequisite requirement to add director is Director identification number. This DIN number is Unique is allotted by Ministry of Corporate Affairs.
Board of Director
A Private Limited need to have minimum two and maximum fifteen directors. The proposed director can be other than shared holder.
Types of Directors
Resident Director
Company Need to have one director who stayed in India for total period of not less than 182 days in Previous calendar year.
Independent Director
An Independent director is an alternate director other than a Managing Director which is known as Whole Time Director Or Nominee Director
Additional Director
Any Individual can be appointed as Additional Directors by a company under section 161(1) of the New Act. Appointed person will be Additional Director
Shadow Director
person, who is not appointed to the Board, but on whose directions the Board is accustomed to act, is liable as a Director of the company, unless giving advice in professional capacity.
Women Director
As per Section 149 (1) (a), there are certain categories according to which there should be at least one woman as a director on the Board.
Documents required for Appointment of Director
- PAN
- Address Proof & ID Proof
- Passport Size Photo
- Digital Signature
What We offer
Drafting of legal documents
Prepration of Application
Filing of Form Director Change
Update MCA Master Data
Procedure for Change Director
1. Apply DSC & DIN of New Partner
For incoming new director We apply for DSC & Director Identification number. Before adding director in Company DIN & DSC is required.
2. Drafting Resolutions
We will draft necessary resolutions and documents for appointment of director. We will send documents for signing
3. Online Filing
Our expert will file DIR 11/12 for intimating changes of Director to Ministry of Corporate Affairs. This required certification from CA / CS. We will share Sharing master data from MCA.
FAQ of Change in Director
Can a Director Voluntarily resign from Company ?
Yes. A director can voluntarily resign from company. Director must serve notice to company about resignation. Also Legal filing at MCA need to be carried by Resigning Director.
Do I need to Have another DIN if I already have one to become director ?
No. Once DIN allotted its permanent. Same DIN can be used for next appointment.
Procedure for How to Remove Director From Company ?
Company Need to pass ordinary resolution in General Meeting or Extraordinary General meeting. Prepare necessary documents for removal of director. Company to do Filing at ROC through practicing professionals at Ministry of Corporate Affairs.
Procedure for How to Add Director in Company ?
Add Director in company by passing Ordinary resolution in annual general meeting or extraordinary general meeting. New director need to apply for DSC and DIN. And Make necessary filing at Ministry of Corporate Affairs.
What are requirement for appointment of director ?
Pre requirement for addition of partner is
• Valid legal Documents
• DIN Number
• Digital Signature Token
Does Person Shares of company can be appointed as director ?
No. There is no such requirement that director need to among Share holder. Person not having any shared of company can be appointed as director.
Procedure for transfer of shares while change in director of company ?
Share transfer is different from change in director of company. SH 4 Form need to be executed for share transfer.
Do I need to visit any Government office for Change director of Company ?
No. Legal procedure followed by us for change in Director is standard. There is no need to visit any office. Share document with us over mail and we will get it done.
Why Us for Change Director
Dedicated In-House Team
We have dedicated expert team which works as Company Consultant. Over period we developed our In-house team for Compliances.
Complete Online
With use of technology and expertise we helping clients for giving services completely online. Saving valuable time of clients.
Client Confidentiality
We ensure that information of clients is confidential. We give assurance about keeping your personal & company information secure.
No Hidden Charges
Our professional fees charges are completive. We ensure no hidden charges for our services from clients. Fair pricing is our policy.
